Gramm-Leach-Bliley

The Gramm-Leach-Bliley Act (GLB) or (GLBA) requires the disclosure of consumer data sharing practices and comprehensive consumer data privacy by financial institutions. The financial institutions in turn often demand the same requirements on their customer and suppliers that may collect, use, or store the same data.

The GLBA focuses on requiring companies to implement data privacy safeguards and restrictions for consumer data. For businesses that handle data and information covered under GLBA rules, using a technology attorney experienced in representing companies in information security matters can help ensure compliance with the GLBA. Additionally, an attorney can draft documents to help a company dealing with financial clients demonstrate compliance with the GLBA.